Investing in IndiaP2P and unlocking capital for 80M women entrepreneurs

IndiaP2P's tech platform ensures the country’s highest-quality borrowers get access to faster, cheaper capital.

IndiaP2P is building a technology platform that disintermediates the capital value chain and enables faster, cheaper capital for women borrowers who are recognised as the highest quality borrowers in the country. Simultaneously, it provides opportunities for retail investors to invest directly in this asset class. 

This proprietary technology stack enables superior risk management through data-driven underwriting, its portfolio diversification engine and rule-based matching of lenders with borrowers. Moreover, IndiaP2P has been able to deliver significantly higher returns to investors through disintermediation and technology-driven efficiencies in sourcing, operations and collections. 

Live for about 12 months now, IndiaP2P has delivered >16% p.a. returns for retail investors and provided access to credit to 6000+ women entrepreneurs across India at near zero NPAs consistently since inception.

Recent regulatory changes, especially the launch of the NBFC-P2P licensing framework and the elimination of tax arbitrage on MLD (Market Linked Debentures) opens up new avenues for unlocking capital supply to this segment using technology and IndiaP2P is well placed to capitalize on this.

Antler is proud to back Neha Juneja, Ravinder Voomidisingh, Mohit Gupta and the IndiaP2P team on Day ̉Zero of their journey when IndiaP2P was just a concept.

Here's a glimpse of the IndiaP2P story as told by Neha:

Unlocking capital supply for 80 million women-owned businesses, a generational business opportunity

Historically, India has been a credit-starved country. Almost all segments of retail and institutional credit in India have a demand-supply mismatch. But the mismatch is stark in certain borrower segments like women entrepreneurs where the demand is 2.5x of supply despite the borrower’s willingness to pay upwards of 25% p.a. interest rates. In FY24 alone, against a capital demand of USD 145 billion, this segment was able to attract a supply of only USD 58 billion, resulting in a mismatch of > USD 80 billion. Less than 5% of the total available capital supply of USD 1000 billion from retail and institutional investors flows into this segment.

This lack of capital supply is mainly driven by leakage of the yield (7-12%) to end investors through the intermediaries in the value chain (Banks and Wholesale NBFCs) and operational inefficiencies in sourcing, underwriting and collections.

Source: IndiaP2P

The success of microfinance institutions, with over 9 of them becoming banks in the last decade alone, has proven the depth of the market and the existence of large profit pools. We believe IndiaP2P can further disrupt this segment and supplemented by founders’ relevant backgrounds, is the new way to build a large financial institution for new India.

IndiaP2P unlocks capital using a proprietary technology platform that disintermediates and derisks

IndiaP2P identified this opportunity early on and has approached solving the problem using technology. At the core of IndiaP2P is a proprietary technology platform that facilitates an easier flow of capital from end investors to the women borrowers, by disintermediating the Banks and wholesale NBFCs from the process and also removing the existing inefficiencies in sourcing, collections and operations. This unlocks a 7-12% additional yield for both retail and institutional investors, kicking off the flywheel of more investments flowing to this hugely underserved segment. 

On the demand side, IndiaP2P has built an integrated platform that supports the origination, underwriting and servicing of loans to high-quality borrowers. The beauty of the IndiaP2P model is that it is a purely tech-driven business with a simple yet superior technology that enables existing channel partners on the ground to take care of operations. 

Source: IndiaP2P

Prior to IndiaP2P, investors in debt earned typically low returns, often, not even beating inflation. Enabling investors to earn higher returns on debt while investing in historically low-risk and purposeful borrower segments unlocks fresh supply in a sustainable manner. With the easy discovery and access to credible borrowers, investors can invest easily while borrowers gain from faster and more flexible credit.

The IndiaP2P advantage - impact powered by technology and deep domain expertise

Retail investors on the IndiaP2P platform have enjoyed annual returns of over 16% p.a. Moreover, IndiaP2P has facilitated access to credit for more than 6000+ women entrepreneurs across India, while maintaining an exceptional track record with near-zero non-performing assets (NPAs) since its inception.

Source: IndiaP2P

Building such a deeply differentiated business in a heavily regulated domain needs a founding team that can seamlessly straddle across technology, finance and regulations. In Neha, Ravinder and Mohit, we have the perfect foil. Neha Juneja (CEO), previously co-founded and scaled Greenway, India’s largest clean cooking enterprise (USD 50+ million revenues), where she developed multiple credit partnerships catering to women borrowers across rural India and sub-Saharan Africa. This work, along with her experiences in finance and engineering over the previous 12 years, inspired her to found IndiaP2P. Ravinder Voomidisingh (COO) brings 15+ years of lending experience, having underwritten > USD 7 billion worth of loans including ones catering to microfinance borrowers. Mohit Gupta (CPO) is a Fintech specialist who has built large-scale financial systems that have facilitated close to USD 30 billion in transactions. The founding team is well poised to capture the multi-billion dollar opportunity through their deep domain and technology expertise.

IndiaP2P is the first Indian startup to win Women World Banking's Fintech Innovation Challenge

IndiaP2P is racing ahead to realise its potential to become one of the generational financial institutions in India in the coming decade, delivering unparalleled impact both to Indian investors and Indian women entrepreneurs alike.

Learn more about IndiaP2P here.

Subscribe to our newsletter

Get the latest news and views from Antler’s global community

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Must-read articles from Antler

Browse our collection of founder stories, industry insights and latest startup successes from Antler Australia

See articles
5 min read
The new generation of Nordic founders

The Nordics have produced some of the most successful tech unicorns in Europe—and the world—with Spotify and Klarna securing some of the highest valuations ever achieved by European tech founders. As the tech flywheel spins faster and faster in the region, Antler is excited to publish the largest study of tech founders in the Nordics ever conducted.

Founder Stories
5 min read
Manuel Schönfeld: The management consultant determined to save companies millions

Our content series "It All Starts with People" delves into the passions, motivations, and vision of the exceptional founders we have the privilege of partnering with around the world. Read the story of Manuel Schönfeld, founder and CEO of PowerX, on a mission to help businesses waste less energy and money while combatting what he calls "the largest threat to our planet since the meteor wiped out dinosaurs.”

5 min read
Build your transformational AI company with Antler

As AI technologies evolve at a breathtaking speed, founders have an unprecedented opportunity to leverage those tools to solve complex, meaningful, and pervasive problems. Antler is looking for the next wave of visionary founders committed to using AI to disrupt industries and improve how we live, work, and thrive as individuals, organizations, and economies.

5 min read
Under the hood: How Antler sources and assesses great founders

Our Window into Progress digital event series continues with "Under the Hood"—a deep dive into the rigor and scale that makes Antler unique as we source and assess tens of thousands of founders across six continents.

5 min read
Antler partners with Khazanah to launch in Malaysia

Antler is thrilled to announce our launch in Malaysia, headquartered in Kuala Lumpur and in partnership with Khazanah.

5 min read
The state of building today: Antler global perspectives

On the heels of publishing A Window into Progress—a global report that looks inside Antler, the world’s day zero investor—we are excited to present a digital event series offering deeper insights into our portfolio, investment approach, and unique views of the world. Our first event is "The State of Building Today," featuring perspectives on the state of VC and the startup ecosystems in Europe, the US, India, and Brazil.

Founder Stories
5 min read
Abraham Burak: The digital nomad delivering instant connectivity worldwide

Our content series "It All Starts with People" delves into the passions, motivations, and vision of the exceptional founders we have the privilege of partnering with around the world. Read the story of Abraham Burak and Bahadir Ozdemir, co-founders of Airalo, who are on a mission to make connectivity around the world accessible and affordable.

5 min read
Meet the new generation of European tech founders

As unicorns and later-stage companies are battered by the economic climate, the overall health of the European tech ecosystem looks stronger than ever, with more founders coming from big tech and unicorns to build new startups with significant growth potential. Dive into our report and get to know the new generation of European tech founders.